So Here we have a nice Head and Shoulders
on the daily timeframe
. Price has tried to pierce the neckline but has been beaten back . So we have 2 possible outcomes . 1 To hold above the neckline and make a strong impulse to the upside , or to fall below the first daily trendline
and sell off to 2nd trendline
. One way or the other it will blow , our job as traders is to follow . This is just for info , maybe the impatient play would be an OCO
order or just sit and wait.